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16y ago

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What is the value of a 100 pesos bill in Mexican money?

Well, 100 (Mexican) peso bill would be worth... 100 Mexican pesos (which is the currency they use in Mexico!) assuming it was after 1993, if the bill was before 1993 it would be worth 1/10th of a Mexican peso (since the New Peso was introduced in 1993 which 1 new peso is equal to 1000 old pesos)


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Why are newer peso bills worth more than older ones?

Due to inflation the Mexican peso became almost worthless. Small purchases were costing hundreds of peso. Instead of making 1000 peso coins and printing million peso bills, the new peso was introduced with a value of 1000 old peso.


What is the value of a 1967 Mexican Peso?

One peso, or 0.092694 dollars. The Mexican peso has been revalued since 1967 so it's difficult to say what the coin's purchasing power would be in current dollars. For example, in the 1980s the peso's value fell to a few thousandths of a U.S. dollar so existing coins and bills were withdrawn and replaced with "neuvo pesos" or new pesos at an exchange rate of 1000 old pesos to 1 nuevo peso. In any case a circulated peso from that time is not worth more than a small amount as a collector's item, perhaps less than a quarter.


Can you exchange your old two peso and five peso bill?

Yes, you can exchange old two peso and five peso bills at a bank or financial institution in your country. They may need to verify the authenticity of the bills before exchanging them, so it's best to check with the specific institution beforehand.


What is the history on the exchange rate from the old Mexican Peso to the new Mexican Peso in the 1980's?

Rampant inflation increased prices so much that the peso's value fell to a fraction of a U.S. cent. To help stabilize the economy and reduce the number of zeros in prices, Mexico introduced a nuevo peso (new peso) in 1993. Old pesos were exchanged at the rate of 1000 old pesos = 1 new peso, effectively lopping 3 zeros off all prices.Rampant inflation increased prices so much that the peso's value fell to a fraction of a U.S. cent. To help stabilize the economy and reduce the number of zeros in prices, Mexico introduced a nuevo peso (new peso) in 1993. Old pesos were exchanged at the rate of 1000 old pesos = 1 new peso, effectively lopping 3 zeros off all prices.


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